President Donald J. Trump has publicly criticized Federal Reserve Chairman Jerome Powell on social media, emphasizing that Powell's approach to interest rates has been untimely and incorrect. Trump's comments coincide with discussions about the European Central Bank's (ECB) recent decisions to lower interest rates, highlighting a contrast in monetary policy actions between the ECB and the Fed. Trump has expressed urgency regarding Powell's potential removal from his position, suggesting dissatisfaction with the current economic strategy.
From Donald Trump Truth Social 04/17/25 06:12 AM
The ECB is expected to cut interest rates for the 7th time, and yet, “Too Late” Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete “mess!” Oil prices are down, groceries (even eggs!) are down, and the USA is getting RICH ON TARIFFS. Too Late should have lowered Interest Rates, like the ECB, long ago, but he should certainly lower them now. Powell’s termination cannot come fast enough!